Apple Music to pay rights owners over 70 percent of revenue

Apple executives have publicly confirmed exactly how much rights holders will be paid through streams on Apple Music.

Last week, a leaked contract appeared to show figures at a rate of 58% - for every $10 or £10 spent on a month’s subscription, $5.60 or £5.50 would then be distributed between labels, publishers and other companies.

However, executive Robert Kondrk has now stated to re/code a new, confirmed figure of 71.5%. Outside of the U.S., this figure could rise to 73%.

As previously confirmed, Apple will pay no royalties during its three-month free trial period. Kondrk says Apple’s percentage is higher than the industry standard, which he claims justifies the difference between Apple Music and rivals’ one-month trial period. Independent labels remain unconvinced that it will benefit from the service, with talks ongoing.

The service launches on 30th June.